DBELX vs. DFLEX
Compare and contrast key facts about DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and DoubleLine Flexible Income Fund (DFLEX).
DBELX is managed by DoubleLine. It was launched on Jun 27, 2019. DFLEX is managed by DoubleLine. It was launched on Apr 6, 2014.
Performance
DBELX vs. DFLEX - Performance Comparison
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DBELX vs. DFLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | -2.91% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
DFLEX DoubleLine Flexible Income Fund | 0.22% | 6.58% | 8.65% | 7.84% | -8.48% | 3.79% | 2.93% | 1.63% |
Returns By Period
In the year-to-date period, DBELX achieves a -2.91% return, which is significantly lower than DFLEX's 0.22% return.
DBELX
- 1D
- -0.32%
- 1M
- -6.70%
- YTD
- -2.91%
- 6M
- 0.26%
- 1Y
- 12.48%
- 3Y*
- 6.49%
- 5Y*
- 2.63%
- 10Y*
- —
DFLEX
- 1D
- 0.11%
- 1M
- -0.80%
- YTD
- 0.22%
- 6M
- 1.54%
- 1Y
- 5.12%
- 3Y*
- 7.13%
- 5Y*
- 3.19%
- 10Y*
- 3.79%
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DBELX vs. DFLEX - Expense Ratio Comparison
DBELX has a 0.90% expense ratio, which is higher than DFLEX's 0.74% expense ratio.
Return for Risk
DBELX vs. DFLEX — Risk / Return Rank
DBELX
DFLEX
DBELX vs. DFLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and DoubleLine Flexible Income Fund (DFLEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DBELX | DFLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 3.69 | -1.76 |
Sortino ratioReturn per unit of downside risk | 2.58 | 6.09 | -3.51 |
Omega ratioGain probability vs. loss probability | 1.38 | 2.08 | -0.70 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 4.58 | -2.75 |
Martin ratioReturn relative to average drawdown | 8.57 | 20.46 | -11.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBELX | DFLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 3.69 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 1.67 | -1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.35 | -1.16 |
Correlation
The correlation between DBELX and DFLEX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DBELX vs. DFLEX - Dividend Comparison
DBELX's dividend yield for the trailing twelve months is around 4.02%, less than DFLEX's 5.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 4.02% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
DFLEX DoubleLine Flexible Income Fund | 5.14% | 5.68% | 6.05% | 5.95% | 4.72% | 3.86% | 3.96% | 4.46% | 4.46% | 3.82% | 3.75% | 4.32% |
Drawdowns
DBELX vs. DFLEX - Drawdown Comparison
The maximum DBELX drawdown since its inception was -21.95%, which is greater than DFLEX's maximum drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for DBELX and DFLEX.
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Drawdown Indicators
| DBELX | DFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.95% | -17.29% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -1.15% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -11.00% | -8.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.29% | — |
Current DrawdownCurrent decline from peak | -6.89% | -0.80% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -1.58% | -5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 0.26% | +1.21% |
Volatility
DBELX vs. DFLEX - Volatility Comparison
DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a higher volatility of 4.00% compared to DoubleLine Flexible Income Fund (DFLEX) at 0.56%. This indicates that DBELX's price experiences larger fluctuations and is considered to be riskier than DFLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBELX | DFLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 0.56% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 0.91% | +4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 1.40% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.99% | 1.92% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.39% | 2.73% | +4.66% |